Apella Capital LLC Has $217,000 Position in Invesco Preferred ETF (NYSEARCA:PGX)

Apella Capital LLC decreased its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 24.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,842 shares of the company’s stock after selling 6,069 shares during the period. Apella Capital LLC’s holdings in Invesco Preferred ETF were worth $217,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco Preferred ETF in the third quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Invesco Preferred ETF by 299.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after acquiring an additional 2,093 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Invesco Preferred ETF during the 2nd quarter worth $35,000. Eastern Bank bought a new stake in shares of Invesco Preferred ETF in the 3rd quarter worth $37,000. Finally, Orrstown Financial Services Inc. purchased a new stake in shares of Invesco Preferred ETF in the third quarter valued at about $124,000.

Invesco Preferred ETF Price Performance

PGX opened at $11.61 on Friday. Invesco Preferred ETF has a fifty-two week low of $11.23 and a fifty-two week high of $12.54. The company’s 50-day moving average is $11.76 and its 200 day moving average is $11.94.

About Invesco Preferred ETF

The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities.